Matches in DBpedia 2016-04 for { <http://dbpedia.org/resource/Transatlantic_Trade_and_Investment_Partnership> ?p ?o }
- Transatlantic_Trade_and_Investment_Partnership abstract "The Transatlantic Trade and Investment Partnership (TTIP) is a proposed trade agreement between the European Union and the United States, with the aim of promoting trade and multilateral economic growth. The American government considers the TTIP a companion agreement to the Trans-Pacific Partnership (TPP). The agreement is under ongoing negotiations and its main three broad areas are: market access; specific regulation; and broader rules and principles and modes of co-operation. The negotiations were planned to be finalized by the end of 2014, but will not be finished until 2019 or 2020, according to economist Hosuk Lee-Makiyama.The content of the agreement as well as the reports on TTIP negotiations are classified from the public, but after a proposed draft was leaked in March 2014, the European Commission launched a public consultation on a limited set of clauses and in January 2015 published parts of an overview; and subsequently increased security over its secrecy.The European Commission says that the TTIP would boost the EU's economy by €120 billion, the US economy by €90 billion and the rest of the world by €100 billion. According to Foreign Affairs, TTIP aims to \"liberalise one-third of global trade\", which they argue would create millions of new paid jobs. However, a Guardian article by Dean Baker of the US thinktank Center for Economic and Policy Research argued that the economic benefits per household are mediocre, and according to a European Parliament report, impacts on labour conditions range from job gains to job losses, depending on economic model and assumptions used for predictions.The controversial agreement has been criticized and opposed by unions, charities, NGOs and environmentalists, particularly in Europe, with The Independent describing the range of negative impacts as \"reducing the regulatory barriers to trade for big business, things like food safety law, environmental legislation, banking regulations and the sovereign powers of individual nations\", or more critically as an \"assault on European and US societies by transnational corporations\". An EU direct democracy mechanism, the European Citizens' Initiative, which enables EU citizens to call directly on the European Commission to propose a legal act, acquired over 3.2 million signatures against TTIP and CETA within a year.".
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